The bank saw USD 646 million in net profit in Q3, up 70% from Q3 2018. Year-to-date through September, net profit climbed 159% to USD 3.95 billion.
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The Brazilian Central Bank’s Economic Activity index increased in quarter three from quarter two.
The Brazilian state-run company is the second biggest fuel distributor in Uruguay, and the biggest in liquid fertilizer.
The Brazilian state-run utility company had posted USD 528 million in losses in Q3 2018. Revenue was up 9.7% and Ebitda increased by 303%.
The Brazilian Institute of Geography and Statistics (IBGE) reported growth in four out of the five subsectors tracked during the month, the exception being information and communication services.
ICE fell for the third quarter straight, from negative 26.4 points in July to negative 28.2 points in October.
Exports of the Brazilian product to the Arab country reached 1.4 million pairs year-to-date through October, up 83%.
Brazil’s National Treasury secretary Mansueto de Almeida said the deficit should end the year at 1% of GDP, a narrower rate than the previously forecasted 1.8%.
Four oil blocks were on offer in the 6th Production Sharing Bidding Round. A consortium of Petrobras and China’s CNODC placed the winning bid for the Aram area, in the Santos Basin.
A September survey from the Brazilian Micro and Small Business Support Service (Sebrae) shows that owners of micro and small enterprises are planning to make investments.
Alfanar is an industrial and construction conglomerate that operates in the power sector in several countries. Arab Chamber executives visited the company’s complex outside Riyadh.
Two out of the four blocks offered were acquired at the largest oil industry auction ever held.
Numbers by Anfavea show that foreign sales from Brazil were down 22.6% year-on-year and 34.7% year-to-date.
On the back of Expo 2020, the Arab country could see its fastest non-oil growth since 2016. Sustaining it after the expo is a key priority, says IMF.
